Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Eurasian Development Bank raises funds on the UAE Capital Market to finance its investment projects in Central Asia

This pioneering issuance of AED 200 million was arranged by FAB in partnership with ADFD

Mashreq expands global footprint with opening of representative office in Türkiye

With the new office, Mashreq now operates in 15 countries

Citi presses revival in banking after making gains, despite exits: IFR

Citi has ranked fifth for global investment banking fees in each of the last 12 years, according to LSEG data, which shows its broad strength, but also a failure to challenge the top three

Alvarez & Marsal released Q1 2025 UAE Banking Pulse

The report analyses the performance of the UAE’s 10 largest listed banks, showing a strong start to the year marked by enhanced cost efficiency, rising non-interest income, and renewed M&A activity.

Deutsche Bank secures ADGM license, expanding presence in UAE

Jean-Pierre Habis has been appointed as a senior manager for the new ADGM branch

Beltone Investment Banking concludes EGP500mln securitized bond issuance for Jameel Finance-Egypt

This transaction reinforces Beltone’s position as a leader in Egypt’s debt capital markets

Standard Chartered opens representative office in Morocco

New office located at the Casablanca Finance City

Al Masraf reports net profit of AED 231mln in 2024

Representing an Increase of 22%

SICO named best investment bank in Bahrain

For sixth consecutive year

Dubai's Mashreq to work with Goldman Sachs to cater for rich clients

Our strategic collaboration with Goldman Sachs represents a pivotal milestone in institutionalising our investment platform

UAE Bank Investments Jump 16% To $202B In January

Held-to-maturity bonds also grew 7.9% annually to $91.4 billion (AED 335.7 billion), although they saw a slight 1.1% dip compared to the previous month.

UAE banks investments reach $202bln by end of January

Banks' investments in equities grew by 19.4 percent year-on-year

EFG Foundation, Bank NXT Foundation, and Kaf Insurance sign an agreement with the Magdi Yacoub Heart Foundation

To support training and qualification of nurses at the Aswan Heart Centre

NBB expands mortgage financing for Bahraini expats in Saudi Arabia, UAE

As part of NBB's dedication to providing comprehensive and accessible housing solutions, the bank is leveraging its strong presence in Saudi Arabia and the UAE to assist clients in securing their ideal property in their homeland

EFG Hermes completes advisory on $333mln IPO of Asyad Shipping Company on the Muscat Stock Exchange

Asyad Shipping offered a total of 20% of its total issued share capital

QNB Capital named Best Investment Bank in Qatar 2025 by Global Finance

This award is a testament to our unwavering dedication to delivering innovative financial solutions

UAE's FAB prepares overhaul, picks Citi veteran as new investment banking head, sources say

As part of the reorganisation, FAB is set to hire Citi dealmaking veteran Linos Lekkas as its new head of investment banking, the sources said

Bank of Bahrain and Kuwait partners with JP Morgan Chase

In addition, the system automates complex processes to facilitate faster and more secure cross-border transactions.

EFG Hermes successfully completes USD 2.84bln marketed offering of ADNOC Gas shares on behalf of ADNOC

The transaction, which involved the sale of approximately 3.1 billion shares representing a 4% stake in ADNOC Gas and valued at USD 2.84 billion, marks the first-ever marketed offering in the UAE and the largest placement on the ADX to date

Turkish export credit bank in 2024 financed $7.8 billion

These developments made FX deposits more attractive among other commercial loans for exporters